City Machine Salute

CMT headlines SBA visit to Youngstown Thursday

Small businesses from around the country will be on hand today as Linda McMahon, head of the U.S. Small Business Administration and advocate for the nation’s 30 million small businesses as a member of the President’s cabinet, keynotes the Youngstown/Warren Regional Chamber’s “Salute to Business” awards ceremony, beginning at 7:30 AM. Later, scheduled for 9:00 AM, McMahon will visit City Machine Technologies in Youngstown, Ohio, a regular Electrical Apparatus featured business and advertiser. Administrator McMahon “will focus on the Tax Cuts and Jobs Act benefits for small businesses and how they are accelerating business growth and job creation which is contributing to a thriving economy,” said an SBA e-mail sent to EA Wednesday by Brooke Betit, acting regional communications director of the association’s Great Lakes Region, which covers Illinois, Indiana, Michigan, Minnesota, Ohio & Wisconsin.

Mr. Anthony’s Banquet Center, 7440 South Ave., Youngstown, Ohio. The Salute to Business awards ceremony is an all-day event, but its morning serving may be the tastiest, when registered attendees get to accompany McMahon on a tour of City Machine in downtown Youngstown. The half-hour tour will give visitors a view of CMT’s machine shop floor during a busy Thursday morning, will be led by CMT owner Mike Kovach, and is open to the press. Press availability will follow, beginning at 9:30.

City Machine Technologies is a family-owned business with its full history in the proud Rust Belt city. Founded in 1985, CMT specializes in lifting magnets, electric machinery and industrial machining and serves industries in the United States and internationally. CMT took advantage of two SBA loans to start and expand the business in its 33-year history. Thanks to the Tax Cuts and Jobs Act, CMT has purchased new equipment and is adding more jobs within the company. Thus, the company has enjoyed a close relationship with our executive branch and garnered both appreciation and headlines in 2018.

On July 23, President Trump highlighted American-made goods at the White House during the Made in America Product Showcase (see video above). One company was selected from each state to represent American-made goods at the White House. CMT, Ohio’s selection, said at the time it was “honored to be on the South Lawn of the White House showcasing its own unique line of American-made lifting and separating magnets for the state of Ohio.”

In Ohio, nearly 945,000 small businesses employ 2.2 million people or 46 percent of the private workforce. SBA Administrator McMahon has met with more than 700 small business owners across the nation, “in her efforts to listen, drive economic growth, and educate Americans about the SBA and its programs to help entrepreneurs start, grow, expand and recover after a disaster,” Betit said. “Her agency leadership has contributed to implementing reforms, removing red tape and lessening the tax burdens for small businesses and their employees alike.”

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